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GM Losses

7577 Views 8 Replies 8 Participants Last post by  jpaxton, 
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Do the record GM losses recently announced worry anyone other than myself. 38.7Bn in a year is quite a lot, it may hurt their ability to research or subsidize part of the cost of the Volt.
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Kevin K said:
Do the record GM losses recently announced worry anyone other than myself. 38.7Bn in a year is quite a lot, it may hurt their ability to research or subsidize part of the cost of the Volt.
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GM is sitting on $37 Billion cash reserves. Their loss you quoted was mostly due to the writeoff of future health care benefits transferred to the union. The actual 2007 loss was more like $40 Million. :confused:
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